Elliott's $3B Stake Validates Confidence in Suncor's Transformation
SUSuncor(SU) ZACKS·2024-10-25 21:01

Elliott Investment Management has almost doubled its stake in Canada's premier integrated energy company, Suncor Energy Inc. (SU) , validating its confidence in the company’s strategic transformation.Overview of Elliot’s Investment in SUAlmost two years after instigating changes in Suncor’s management, board and strategic policies, Elliott Investment Management is now confident that the ongoing improvements in the company are capable of yielding higher returns. Therefore, it has almost doubled its stake in ...